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CRX’s independent marketplace for corporate Asset-Based Financing solutions

Increasingly asset based finance suppliers are providing a range of solutions in their portfolio, rather just one technology/method. CRXMARKETS is a relatively new company coming out of the 360T stable with a product that was designed to ensure they could meet the ever changing supply chain finance needs of both buyers and sellers by:

  1. Enabling corporates to improve both working capital and financing rates
  2. Allowing buyers to gain funding independence by reducing their dependence on any single funding source
  3. Facilitating the on-boarding process by providing a quick and easy integration with the existing systems without affecting the purchase-to-pay process
  4. Providing a flexible scalable solution structure which can be utilised to meet differing business needs in a changing market place.

To achieve these objectives CRX provide three types of financing solution:

  • Dynamic Discounting - early payment to suppliers against a fair discount
  • Multi-Bank APF - sale of receivables to a group of banks at competitive prices
  • Multi-Investor APF - receivables financing to non-banks through the use of a securitization and auction process’.

Each solution can be used stand-alone or the user can combine the solutions, customized to their individual situation and needs 

CRX, claim to be the only regulated platform (BaFin - Federal Financial Supervisory Authority in Germany) in the market place today.

The process

The three different financing techniques are used in both Payables Finance and Receivables Finance - see figures below.

Payables finance

Source & Copyright©2017 - CRXMARKETS

Receivables Finance

Source & Copyright©2017 - CRXMARKETS

ERP integration

CRX emphasise the ease of their ERP integration and how they offer ability to automate the information exchange between the CRX application and the customer’s ERP system in real time.

Users

Already CRX have large buyers such Nestle, Lufthansa and VATTENFALL using their solution.


CTMfile take: There is no single supply chain finance technique that works for all suppliers and/or buyers, flexibility to chose is vital which is what CRX provide.

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This item appears in the following sections:
Financing
Dynamic Discounting
Factoring
Financing Short-Medium Term Deficits

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